PepsiCo is reportedly close to sealing a deal to acquire Poppi, a rising star in the healthy soda market, for more than $1.5 billion. According to Bloomberg News, the agreement could be finalized as early as next week, though discussions are still ongoing and may face delays.
Founded by Allison and Stephen Ellsworth, Poppi has gained popularity for its prebiotic sodas, which appeal to health-conscious consumers. The Austin, Texas-based company has quickly carved out a niche in the beverage industry, drawing interest from major players like PepsiCo.
Both PepsiCo and Poppi have yet to comment on the potential acquisition. If completed, this deal would mark another strategic move by PepsiCo to expand its portfolio beyond traditional soft drinks.
